2024 CTA Summer Newsletter
2024-CTA-Summer-Newsletter-2Download
Beneficial Ownership Reporting
In 2021, Congress passed The Corporate Transparency Act into law to create a national database of information concerning the individuals who, directly or indirectly, own a substantial interest in, or hold substantial control over certain domestic and foreign legal entities. The purpose of the law is to combat money laundering and the concealment of illicit [...]
2024 CTA Spring Newsletter
2024-CTA-SPRING-NewsletterDownload
2023 CTA Fall/Winter Newsletter
CTA-NEWSLETTER-2023Download
December 2023 Due Dates and Information
Article Highlights: Not Needing to File a 2023 Return? Are Your Children Attending College? Did You Sell Your Home This Year? Do You Have an Employer Health Flexible Spending Account? Did You Become Eligible to Make Health Savings Account (HSA) Contributions This Year? Is Your Income Unusually Low This Year? Must You Take a Required [...]
November 2023 Due Dates
November 13 - Report Tips to EmployerIf you are an employee who works for tips and received more than $20 in tips during October, you are required to report them to your employer on IRS Form 4070 no later than November 13. Your employer is required to withhold FICA taxes and income tax withholding for [...]
Coastal Tax Advisors 2023 Fishing Trip
The CTA staff got their sea legs this weekend! At five am the team took off towards the Coronado Islands, just south of the border. A day well spent with breakfast sandwiches, burgers, smiles, laughter ... a little bit of yawning & lots of fishing! One of our partners, Dave, setting up to show us [...]
October 2023 Newsletter & Due Dates
Article Highlights: October 16, 2023 is the extended due date for 2022 federal 1040 returns. Late-filing Penalty Interest on Tax Due Other October 16 deadlines If you could not complete your 2022 tax return by April 18, 2023 and are now on extension, that extension expires on October 16, 2023. Failure to file before the [...]
How Does Education Impact Your Taxes?
The kids are back in school! Things like student loans, scholarships, and fellowship grants can play a role in parents’ and college students’ tax liability. Let’s look at how education costs can impact your taxes. Student Loan Forgiveness Student debt is a hot topic. As of July 2023, total U.S. student loan debt stood at [...]
Are You Ignoring Retirement Planning?
Article Highlights: Predicting Social Security Income Planning for the Future Employer Retirement Plans Tax Incentive Retirement Savings Plans Are you ignoring your future retirement needs? That tends to happen when you are younger, retirement is far in the future, and you believe you have plenty of time to save for it. Some people ignore the [...]